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I have just bought a new MacBook Air and I've got an old copy of Adobe Photoshop Elements 2018 with the serial number. Would I be able to download Elements 2020 from the Adobe website and use my original serial with the new version!!! If I can't would I be able to install the 2018 version? Don't know what to do for the best, thank you.
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No, you cannot use your 2018 to license 2020.
No, you cannot install 2018 on macOS Catalina because it is not compatible.
Your only option is to buy a new version of 2020.
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Thank you John