Not able to connect adb after upgrate Android Studio to 3.4
Replace your platform-tools with this one and delete the other one. https://dl.google.com/android/repository/platform-tools_r26.0.0-windows.zip
I was also facing this issue in android Studio 3.4 version, but now I have fixed it , if you are using windows then follow these steps:
Download Platform tools from here https://dl.google.com/android/repository/platform-tools_r26.0.0-windows.zip
Extract downloaded zip file
Go To location "C:\Users\your_computer_user_name\AppData\Local\Android\Sdk" and Delete "Platform tools" folder
Copy and Paste, downloaded platform tool folder to above location
Now Go to your android studio and Rebuild your project Then run.