I would say cotton candy too. Throw some turbos in there to see if they will eat it up
http://melevsreef.com/critters/cotton-candy-algae
Looks more like red cyano since it lacks that fluffy cotton candy quality. You can try some of that Cyano remover stuff I suppose
How old is that tank? Looks very new? You will get blooms from time to time until it matures. Turn of lights or, treat with chemiclean. It will do the job. Be careful though, it will make your skimmer go crazy for a little while. Good luck
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Definitely part of the process, you are gonna go through different blooms o different types at different times. Keep up on you WCs and tank husbandry and as the system matures it will begin to balance outMy tank is 6 weeks old